The New York Times recently posted about a future project presented by New York’s Department of City Planning. The vision is to create 500 different projects that will span across the 600 miles of waterfront going through the five boroughs of NY (Brooklyn, Queens, Manhattan, Bronx, Staten Island).
NY Times gave details on ideas for each borough:
“In Manhattan, where waterfront land is scarce and commands premium prices, construction could begin soon on one of the last large parcels of the Hudson waterfront, in the West 50s, pending approval by the City Council. On the East Side, from South Street Seaport to Harlem — already the site of a new recreational pier — the city is betting that its investment of more than $150 million in new piers, parks and greenways will have the same impact that Hudson River Park had on residential and commercial property values on the West Side.
In Brooklyn, developers have put forth ambitious plans for construction near established waterfront neighborhoods in Williamsburg and Greenpoint, including a $1.4 billion plan to turn the former Domino Sugar factory into residential housing with about 2,200 units.
In Queens, the city is planning the largest project of below-market-rate, or affordable, housing to be built in three decades, around 5,000 apartments, on the barren stretch known as Hunters Point. The infrastructure is being put in place to support the new community; developers have submitted bids; the city is expected to pick a winner by the end of the year and to begin construction by spring. (Image to the right, is a blueprint of Hunters Point)
In the Bronx, the city has rezoned large sections of the waterfront to encourage residential development, including the lower part of the Grand Concourse and Hunts Point. The plan would create a greenway along the Bronx River from Hunts Point to Westchester County.
And on Staten Island, the old Navy Homeport, a 35-acre decommissioned base, would be developed into a largely residential neighborhood, with the city investing $33 million in road improvements.”
The project is said to take about 10 years and to cost over tens of millions of dollars. However, even though we are slowly coming out of the economical downfall, the project is said to be the “next great phase of waterfront development in the city.”
Credit: NY Times